Russian Oil Exports Slow as Tanker Market Sorts Out Sanctions Impact

Russia’s seaborne oil exports appear to be taking a hit as the tanker market sorts out the implications of new EU and G-7 sanctions. 

According to Russian news outlet Kommersant, total Russian oil exports (including pipeline shipments) fell by 11 percent in the period from December 1-20. Seaborne oil shipments appear to have plummeted further.

View entirety: The Maritime Executive